vFinance, Inc. to offer AFA’s IMPACTTM Order Processing Trade Platform

New York, April 21th, 2005 - Advanced Financial Applications (AFA), a leading provider of trading technologies to buy and sell side financial organizations, today announced that it has entered into an OEM agreement with vFinance Inc. (OTCBB: VFIN) to offer AFA’s IMPACT™ platform to vFinance’s institutional and broker-dealer clients under the name vLink. Financial terms of the agreement were not disclosed.

vLink incorporates AFA’s Integrated Order Processing (IOP TM) capability and enables vFinance clients to automate trade processing for their clients from execution through settlement.

Said Bill Groeneveld, vFinance head trader: "vLink is part of our ongoing commitment to our provide institutions and broker dealers with personalized execution services while fulfilling all regulatory requirements. We work closely with our clients to ensure their orders are handled in the manner that enhances their relationships with customers. The partnership with AFA is consistent with our long term strategy of leveraging technology to provide enhanced service to our clients while reducing order processing costs."

Commented Nilesh Nanavati, AFA’s president: "vFinance is committed to bringing efficiencies to its clients. Our commitment to providing cost effective technology that reduces processing costs and provides greater capability for end clients is reflected in the distribution vFinance will bring those clients via vLink."

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